Amazon’s ruthless move to block Visa credit cards forces anxious businesses to make stark choices December 9, 2021 Amazon’s recent decision to block Visa credit cards in the UK caught millions of businesses and consumers in between. As a result, many firms have some serious and fairly urgent choices to make, as industry insiders explained to City A.M. today. Amazon announced in November that it will no longer accept payments made with UK-issued [...]
Mr Bitcoin goes to Washington December 9, 2021 The Bitcoin price yesterday failed to hold above the $50k mark at all, falling as low as $48k before rebounding somewhat to just above $49,000.
The Brexit jury is still out as we fail to grasp the vision of freedom we were promised December 9, 2021 Since leaving the EU, there is no doubt that the UK has made impressive progress in signing Free Trade Agreements, including not only roll-overs of EU agreements like those with Canada and Turkey, but entirely new ones with Australia and New Zealand. The UK’s application to join the CPTPP mega-regional trade agreement is also well [...]
UK exports to provide £176bn boost despite supply chain challenges December 9, 2021 UK manufacturing exports will bring in £176bn to the domestic economy, according to new research from financial giant Barclays.
UK threatens to impose tariffs on more US goods amid steel dispute December 8, 2021 The UK's trade minister has reportedly threatened to impose tariffs on US goods if Trump-era steel duties are not canned.
London First lobby group to change its name to catch up with govt ‘levelling up’ agenda December 8, 2021 London First, a lobby business group, plans to change its name in a bid to avoid an embarrassing clash with Boris Johnson’s “levelling up” agenda, widely seen as putting the capital far from first. The group, whose mission is “to make London the best city in the world in which to do business”, according to [...]
Growth capital business a key focus for long-term strategy at Numis, says co-CEO December 8, 2021 City broker Numis this morning reported its full year revenue swelled nearly 40 per to hit £215.6m, as a buoyant IPO market coupled with stabilised markets and rising deal fees helped the firm deliver its second record annual revenue performance in a row. Profit before tax doubled in the year to September 30, which Numis [...]
Bitcoin slow to recover despite global financial markets picking up the pace December 8, 2021 he Bitcoin price is just about holding above the $50,000 mark this morning, but has drifted slightly downwards since yesterday.
City’s dominance looks welcome sign of post-Brexit innovation December 8, 2021 If the capital is a golden goose, it is looking well-stuffed indeed ahead of Christmas. The latest numbers from TheCityUK on the scale of the UK’s financial services industry serve as a healthy reminder of just what a competitive advantage the industry gives both London and the UK more broadly. If anything, the most extraordinary [...]
City strengthens ties with non-EU partners in post-Brexit transformation December 8, 2021 The City is strengthening partnerships with countries outside the EU as it embarks on a post-Brexit transformation, reveals a new study released today. The US has overtaken the continent as the top destination for UK financial services exports for the first time ever, according to the Square Mile’s chief lobby group TheCityUK. City firms conducted [...]